New Delhi: The Prime Minister's Chief Economic Advisor Dr C Rangarajan has admitted that a hike in diesel and LPG prices is imminent despite a steep hike in petrol prices last week. While speaking to Karan Thapar on Devil's Advocate, Dr Rangarajan said the government can soften the blow but fuel price hike is the need of the hour to contain the fiscal deficit. Here's an excerpt of the interview:...
07:17 AM, Jun 02, 2012
Prime Minister Economic Advisory Council chairman C Rangarajan has admitted that the economic situation is critical. ...
10:55 PM, Jun 01, 2012
The industrial output for March is in red, slumping to minus 3.5 per cent. PM's economic advisor C Rangarajan speaks about it. ...
10:58 PM, May 11, 2012
India's industrial output unexpectedly contracted 3.5 per cent in March from a year earlier, government data showed on Friday. ...
12:04 PM, May 11, 2012
New Delhi: The government in a high level meeting chaired by Prime Minister Manmohan Singh decided to free sugar exports by removing quantitative restrictions in order to expedite shipments of the sweetener. This came after Agriculture Minister and NCP chief Sharad Pawar shot off an angry letter terming the UPA's policy on agriculture exports 'ambivalent' and 'against the interest of the farming community'. Importantly, Pawar had termed the Food Ministry's...
06:59 AM, May 03, 2012
New Delhi: The government on Wednesday decided to free sugar exports by removing quantitative restrictions in order to expedite shipments of sweetener and also scrapped the minimum export price (MEP) on onion. The government also decided to constitute a committee, headed by Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan, for formulating policy on how to handle surplus foodgrains in government godowns. These decision were taken at a high...
09:51 PM, May 02, 2012
New Delhi: Prime Minister Manmohan Singh is likely to hold a meeting on Wednesday to discuss supply of about 15 million tonnes of extra foodgrains to ration card holders that will help the government to create more storage space for new crops before monsoon. Food and Consumer Affairs Minister KV Thomas, Agriculture Minister Sharad Pawar and PMEAC Chairman C Rangarajan will attend the meeting, sources said. The Prime Minister will...
05:06 AM, May 02, 2012
Mumbai: In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13 , has cut the policy rates by 50 basis points. The repo rate now stands at 8 per cent from 8.50 per cent earlier. Similarly, the reverse repo rate is now at 7 per cent from 7.50 per cent earlier. Lauding the central bank, C Rangarajan, chairman of Prime Minister's...
01:12 PM, Apr 17, 2012
New Delhi: Prime Minister's Economic Advisory Council Chairman C Rangarajan said that the government should consider decontrolling diesel prices to keep petroleum subsides at the budgetary level. "I think some action will be required on diesel deregulation in order to keep petroleum subsides at the budgetary level," said PMEAC chairman Rangarajan. "Some policy decisions will be required, I think finance minister Pranab Mukherjee must be referring to that (diesel deregulation)...,"...
09:01 AM, Mar 28, 2012
Finance Minister Pranab Mukherjee and Chairman of PM's Economic Advisory Council C Rangarajan explain what IIP numbers mean for the country. ...
04:05 PM, Mar 12, 2012
New Delhi: The Prime Minister's economic advisory panel on Wednesday projected 7.5 - 8 per cent growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favourable. "We might be able to achieve 8 per cent growth on our esteem... if the world environment is favourable, we will be able to achieve high growth rate," the Chairman of the...
12:16 PM, Feb 22, 2012
The Chairman of the Prime Minister Economic Advisory Council explains the factors that led to the decline in inflation. ...
03:40 PM, Jan 16, 2012
Kolkata: Former Reserve Bank of India (RBI) governor C Rangarajan has called for the central bank's intervention to check the depreciation of rupee which has slumped to Rs 51.30 against the US dollar, the lowest in 32 months. "I think the RBI should intervene in the situation when volatility in exchange rate is high," the chairman of the Economic Advisory Council to Prime Minister Manmohan Singh said on Friday. Rangarajan's...
12:36 PM, Nov 19, 2011
Food inflation touches double digit on account of rise in vegetable and poultry products. ...
01:41 PM, Oct 20, 2011
New Delhi: Prime Minister's Economic Advisory Council Chairman C Rangarajan on Monday said the downgrade of the US sovereign rating will negatively impact exports and moderate capital flows into the country. "More than the downgrade, what will be the impact for the rest of the world will be the slow pace of recovery in the US," he said. "In the first half of the current calendar year, the growth rate...
05:33 PM, Aug 08, 2011
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